POSITION SUMMARY Develop and manage a portfolio of commercial and industrial loans and small business loans, working closely with loan administrators to ensure timely and quality credit administration and risk management. Responsible for completing day to day activities including: meeting assigned new business goals, follow-up with clients, structuring credit terms, drafting loan proposals and commitments, supporting the Credit department with underwriting and loan approval, working with attorneys on loan documentation and closings, supporting the Credit department on renewals or modifications and annual reviews, and tracking all covenants and financial requirements set within the loan documents.

ESSENTIAL FUNCTIONS

• Meet new business goals assigned by the Group Head, including loan and deposit growth, while maintaining credit quality. Develop referral network through centers of influence and industry contacts. Attend networking events and customer meetings.
• Meet with customers, draft customer correspondence including proposal/commitment letters, requests for information, covenant waivers, renewal/extension notifications, etc.
• Assist Commercial Loan Administrators as needed: Provide support for booking loans after closing, assist with customer service issues and overdraft decisions.
• Properly identify and track reporting requirements and financial covenants outlined in legal documents. Ensure that received financials are sent to credit files in a timely manner. Request tardy financial information when necessary. Initiate waiving of covenant violations with Portfolio Manager. Draft commentary on any change in performance or event needing further explanation, and during periodic financial and covenant review.
• Ensure all required information is on hand for proper underwriting. Review loan documentation to ensure consistency. Ensure renewals are approved, booked or extended prior to expiration.
• Monitor borrowings versus availability per formula, to ensure positive collateral position.
• Assist in facilitating Credit Risk Review, Portfolio Review, and external examinations

QUALIFICATIONS

• H.S. Diploma or equivalent
• 3+ years Commercial Lending and/or Commercial Credit experience

SKILLS

• Excellent verbal and written communication skills
• Strong analytical skills
• Knowledge of various commercial loan products (C&I, CRE)
• Proficient in Microsoft Word, Excel, and Outlook
• Basic knowledge of SBA lending

PREFERENCES

• Bachelor's Degree in Business Administration/Finance/Accounting or equivalent in professional experience
• Knowledge of FIS and FiServ iDM Commercial
• Multilingual capabilities and/or multicultural perspective

EAST BOSTON SAVINGS BANK IS PROUD TO BE AN EQUAL OPPORTUNITY EMPLOYER THAT VALUES DIVERSITY AND THE STRENGTH IT CREATES. THE BANK RECRUITS AND HIRES QUALIFIED CANDIDATES WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, NATIONAL ORIGIN, ANCESTRY, AGE, MARITAL STATUS, GENETIC INFORMATION, PHYSICAL OR MENTAL DISABILITY, PREGNANCY, PREGNANCY-RELATED CONDITIONS, MILITARY SERVICE, PROTECTED VETERAN STATUS, OR ANY OTHER CLASS PROTECTED BY FEDERAL, STATE, OR LOCAL LAW.

Required Skills Required Experience

• Ability to plan, organize and manage multiple projects simultaneously and to supervise and direct activities of others. • Ability to set priorities and assume responsibility for seeing that projects are completed in a timely manner. Independent interpretation of policies and procedures and decision-making abilities are necessary. • Knowledge of the organizational structure of the School of Medicine and Meharry Medical College. • Ability to gather and disseminate information and requires the ability to relate effectively to individuals at all levels.